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Hello fellow investors / traders,
If you only do one thing tonight, it must be to check out tomorrow's trade - Great Rock Development Corp (GROC).
In two words, KILLER CHART.
GROC is breaking out in a big way and has a ton of momentum on its side.
What started this buying frenzy? The company issued this press release last month telling investors the company is divesting one of its under performing subsidiaries, which will strengthen the balance sheet and the company will become debt free. The company also stated they are reducing outstanding shares by a massive 38%.
News like this really captures trader's and investor's attention.
And the momentum has continued with the Company's latest news, that they have acquired a pioneering autonomous robotics company, Cyberworks Robotics Inc.
Check out this nice technical breakout chart...
GROC closed today right at the major breakout level of $0.015 (recent previous highs) and has a strong uptrend and support. Level 2 is also strong.
If GROC can breakout past $0.0150, we could see a major momentum fueled run higher.
Great Rock Development (GROC) design and implement a variety of solutions, including automation in order to streamline labor and energy costs while improving speed and efficiency within the workplace. GROC's business solutions span several industries.
From agricultural fields to manufacturing and big box super-stores, and to remote mining operations, Great Rock develops solutions to enhance the efficiency and cost structure of their client's business.
In addition, GROC works with global OEMs to provide next-generation, low-cost add-on autonomous navigation modules for their existing and future products.
You can learn more about GROC at their website http://www.greatrockdev.com/
I think tomorrow is going to be a big day for traders of GROC. The momentum is pointing higher, the float is small and the technical's are aligned perfectly.
If GROC can break out through $0.0150 which is a highly likely, we could see significant gains as traders and investors chase and short sellers cover (buy back their shares).
I urge you do look closely at GROC tonight and make sure you are at the opening bell on time tomorrow morning. I will of course update you with any news in the morning.
ShiznitStocks.com
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